Dana Investment Advisors Inc. Has $7.43 Million Stock Position in ProPetro Holding Corp. (NYSE:PUMP)

Dana Investment Advisors Inc. increased its position in shares of ProPetro Holding Corp. (NYSE:PUMP) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 796,775 shares of the company’s stock after purchasing an additional 47,194 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.77% of ProPetro worth $7,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PUMP. Pacer Advisors Inc. increased its position in ProPetro by 95.4% in the 3rd quarter. Pacer Advisors Inc. now owns 7,152,687 shares of the company’s stock valued at $54,790,000 after acquiring an additional 3,491,723 shares in the last quarter. Van ECK Associates Corp increased its position in ProPetro by 57.3% in the 4th quarter. Van ECK Associates Corp now owns 1,527,598 shares of the company’s stock valued at $14,253,000 after acquiring an additional 556,747 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in ProPetro in the 3rd quarter valued at about $3,525,000. Weiss Asset Management LP acquired a new stake in ProPetro in the 3rd quarter valued at about $2,292,000. Finally, B. Riley Wealth Advisors Inc. increased its position in ProPetro by 209.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 272,374 shares of the company’s stock valued at $2,115,000 after acquiring an additional 184,273 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PUMP shares. JPMorgan Chase & Co. upgraded shares of ProPetro from an “underweight” rating to a “neutral” rating and set a $10.00 price objective for the company in a research report on Friday, December 6th. Barclays lowered their price objective on shares of ProPetro from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday. Benchmark reaffirmed a “hold” rating on shares of ProPetro in a research note on Thursday, February 20th. Stifel Nicolaus raised their target price on shares of ProPetro from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Citigroup raised their target price on shares of ProPetro from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ProPetro presently has a consensus rating of “Hold” and an average target price of $10.75.

ProPetro Stock Down 1.1 %

Shares of NYSE PUMP opened at $7.44 on Thursday. The firm has a market capitalization of $767.06 million, a PE ratio of -5.55 and a beta of 2.03. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06. ProPetro Holding Corp. has a 1 year low of $6.53 and a 1 year high of $11.17. The firm’s 50-day moving average is $9.40 and its 200-day moving average is $8.53.

About ProPetro

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.